ADVANCED PHASE CHANGE MATERIALS MARKET ANALYSIS

One of the major factors hampering the growth of the advanced phase change materials market is the high initial costs associated with installing these advanced materials. Phase change materials have the ability to store and release large amounts of energy efficiently during the phase transition process, however, owing to the advanced technology and high-grade materials used, the upfront capital costs for implementing phase change material-based systems are quite high. This poses a major barrier, especially for price-sensitive end-use industries and consumers.

Market Opportunities: Integration of PCMs in textiles

The integration of Phase Change Materials (PCMs) in textiles offers huge potential that can drive advanced phase change materials market towards greater heights. PCMs have the unique ability to absorb and release large amounts of heat during phase transition. By embedding PCMs in fabrics through micro/nano-encapsulation techniques, the fabrics can either release stored heat to keep warm in winter or absorb excess heat to keep us cool in summer. This thermoregulatory functionality of PCM integrated textiles is finding widespread applications in clothing, bedding, upholstery, and curtains. As people seek durable and comfortable products that can regulate indoor thermal conditions passively, without active electronic devices, the demand for PCM integrated textiles is expected to grow steadily.